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$360,000
● Land - Off Market

E Us 92

DOVER, FL
bedrooms
Studio
bathrooms
0 Bath
$421,788
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Developable parcel ready for numerous commercial purposes. Owner has held this parcel for over 40 years with the intention to develop and has not done so. Property currently has RSC-4 zoning (multi-family), however, the owner had spoken with Hillsborough County and they were interested in commercial uses for this location moreover than more multi-family for this area. The adjacent zoning and zoning along the HWY is CG (General Commercial). The Florida Department of Transportation has notified the owner that they are needing to take (buy) some of the road frontage to widen the US 92 widening and reconstruction project. This has been ongoing for years and hasn't materialized yet, but something the new owner can negotiate with the DOT at the appropriate time.
Unit Size
-
Days on Market
50 days
Land Size
4.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$247
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #L4926331)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold
Premium
Sold
Nov 3, 2021 Listed by 360 PERSPECTIVE PARTNERS $382,850
Listed by 360 PERSPECTIVE PARTNERS

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Buildable
Lot Size Area: 4.03
Lot Size Units: Acres
Lot Size Acres: 4.03
Lot Size Square Feet: 175547
Lot Size Dimensions: 900 x 195
Tax Lot: 1
Water Source: None
Financial Details
Tax Annual Amount: $2,967
Utilities Details
Sewer : None

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Similar Homes for Sale

Currently no similar homes around
STELLAR

Listed by: Brett Vogeler
360 PERSPECTIVE PARTNERS
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# L4926331
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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